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Vietnam’s steel imports from China surged 30% in Q1 2025.
Potential anti-dumping duties and safeguard measures are under discussion.
Regional steel markets, including India, closely watching Vietnam’s move.
Vietnam, Southeast Asia’s fastest-growing steel market, has been under pressure as cheap Chinese steel floods its ports amid global tariff uncertainties. According to trade sources and preliminary customs data, Chinese-origin steel is currently priced up to 10–12% lower than local Vietnamese offerings, creating challenges for domestic producers.
The Vietnam Steel Association (VSA) reported that finished steel imports rose by nearly 30% year-on-year in Q1 2025, with Chinese mills aggressively offloading surplus inventory as global demand fluctuates and geopolitical tensions weigh on export markets. In response, Vietnam’s Ministry of Industry and Trade has hinted at potential anti-dumping duties and safeguard measures to protect its mills.
This move mirrors actions taken by other steel-producing nations facing similar issues, as Chinese steel’s price advantage undercuts regional markets. Experts note that Vietnam, while dependent on imports for specific grades and raw materials, aims to balance availability and fair competition.
For India, which also faces pressure from cheaper Chinese imports, Vietnam’s move signals growing regional resistance to unfair pricing and could lead to a broader Asian strategy against Chinese steel dumping.
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